BULLISH OUTLOOK :
GOLD price are expected to rise from resistance levels at 2622 and 2618 , as continueasly droping today , we will try for buying opportunity.
TECHNICAL ANALYSIS :
on the technical front, gold is selling all day , all the indicators I use tells selling , we try technicals as we do.
SNR
key level for GOLD are at 2620 and 2618 ,while resistance levels for GOLD are now at 2660 and 2670.
TRADING STRATEGY :
based on our analysis ,we recommend a long position in gold targeting a move towards 2650 and 2670. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.
BEST WISHES TOM 😎